VATupdate

Payments against future deliveries have tax implications

If the contract between the parties states that the buyer is obliged to pay a certain amount towards the future delivery of goods or performance of services, it should be remembered that such a situation gives rise to certain tax obligations on the part of the supplier. On the other hand, on the part of the buyer, in connection with the advance payment, there is the right to deduct input VAT.

Source Prawo.pl

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